BRT Apartments Corp. (NYSE:BRT) Stock Has Average Price Target of $19.75 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on BRT Apartments, with three buys, one hold and one sell among five analysts. The average 12-month price target is $19.75 versus the stock’s reported price of $13.79.
• Institutional ownership stands at 29.07%, with BlackRock making the largest disclosed recent investment at approximately $16.3 million.
• BRT reported quarterly revenue of $24.47 million and an adjusted loss of $0.19 per share, slightly outperforming estimates. The company also declared a $0.25 quarterly dividend, equal to a 7.3% annualized yield.

Shares of BRT Apartments Corp. (NYSE:BRT - Get Free Report) have received a consensus recommendation of "Hold" from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $19.75.

A number of equities analysts recently issued reports on BRT shares. Citigroup restated a "market outperform" rating on shares of BRT Apartments in a report on Thursday, August 20th. Weiss Ratings upgraded BRT Apartments from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, August 26th. Zacks Research raised shares of BRT Apartments to a "hold" rating in a research note on Monday, July 13th. Finally, Citizens Jmp restated a "market outperform" rating and issued a $20.00 price target on shares of BRT Apartments in a report on Thursday, August 20th.

Hedge Funds Weigh In On BRT Apartments

A number of institutional investors have recently modified their holdings of the stock. Odyssean LLC purchased a new stake in shares of BRT Apartments in the second quarter valued at approximately $207,000. Public Employees Retirement System of Ohio purchased a new position in BRT Apartments during the 2nd quarter worth $172,000. Bank of America Corp DE purchased a new position in BRT Apartments during the 2nd quarter worth $182,000. Capital Square LLC bought a new stake in BRT Apartments during the 2nd quarter valued at $309,000. Finally, BlackRock Inc. bought a new stake in BRT Apartments during the 2nd quarter valued at $16,311,000. 29.07% of the stock is owned by hedge funds and other institutional investors.

BRT Apartments Stock Up 0.1%

Shares of NYSE BRT opened at $13.79 on Monday. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market cap of $259.10 million, a P/E ratio of -19.70 and a beta of 0.83. BRT Apartments has a 1 year low of $13.18 and a 1 year high of $15.97. The firm has a 50-day simple moving average of $14.45 and a two-hundred day simple moving average of $14.45.

BRT Apartments (NYSE:BRT - Get Free Report) last released its earnings results on Monday, August 10th. The financial services provider reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.01. BRT Apartments had a negative return on equity of 7.46% and a negative net margin of 13.22%.The firm had revenue of $24.47 million for the quarter, compared to analysts' expectations of $24.36 million. Research analysts anticipate that BRT Apartments will post 1.46 earnings per share for the current year.

BRT Apartments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Monday, September 28th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Monday, September 28th. BRT Apartments's payout ratio is -142.86%.

About BRT Apartments

BRT Apartments Corp. is a real estate investment trust (REIT) focused on the ownership, operation and development of multifamily residential properties. Its portfolio primarily consists of apartment communities, including garden-style properties, that generate rental income from individual residents.

The company invests in and manages multifamily properties in selected markets across the United States, with a focus on regions including the Southeast, Texas and Arizona. Its activities include acquiring apartment communities, overseeing property operations, and pursuing renovations or other improvements intended to support the long-term performance of its residential portfolio.

BRT Apartments Corp.

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